| Economic Events | THE ECONOMIC WEEK AHEAD: Wednesday, the Census Bureau will report about wholesale trade for February. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about retail sales for March and business trade for February. Friday, the Census Bureau will report about housing starts for March. | | Market Mirror | Friday, the Dow climbed 269.25 points (1.03%) to 26,412.30, the NASDAQ increased 36.81 points (0.46%) to 7,984.16, and the S&P 500 gained 19.09 points (0.66%) to finish at 2,907.41. The Russell 2000 was up 5.66 points (0.36%) at 1,584.80, and the Wilshire 5000 closed 193.93 points (0.65%) higher at 30,059.94. The price of the 10-year Treasury note decreased 19/32, bringing its yield up to 2.568%. The price of the 30-year Treasury bond fell 32/32, increasing its yield to 2.976%. WEEK’S WORTH: For the week ending April 12, the Dow was down 0.05%, the NASDAQ finished 0.57% higher, and the S&P 500 increased 0.51%. The Russell 2000 was up 0.14%, and the Wilshire 5000 gained 0.58%. | | Compliance | ESG, Proxy Voting Trends Unlikely to Shift on Executive Order | The ultimate impact of President Trump’s new executive order is likely to be more symbolic than substantive when it comes to the real-world activities of retirement plan fiduciaries and investment managers.Read more > | | Investing | Despite Market Rebound, Investors Flocked to Fixed Income in Q119 | Even as stock markets rebounded in the first quarter, 401(k) investors moved from equities to fixed-income funds, according to the Alight Solutions 401(k) Index. Investors favored fixed income on nearly 90% of the trading days.Read more > | | Small Talk | ON THIS DATE: In 1817, the first American school for the deaf was opened in Hartford, Connecticut. In 1865, President Abraham Lincoln died from injuries inflicted by John Wilkes Booth. In 1892, the General Electric Company was organized. In 1912, the ocean liner Titanic sank in the North Atlantic after hitting an iceberg the evening before. In 1923, insulin became generally available for people suffering with diabetes. In 1947, Jackie Robinson played his first major league baseball game for the Brooklyn Dodgers. Previously he had only appeared in exhibition games. In 1956, the worlds’ first, all-color TV station was dedicated. It was WNBQ-TV in Chicago and is now WMAQ-TV. In 1994, the World Trade Organization was established. In 1997, Christopher Reve received a star on the Hollywood Walk of Fame. NOTE: Thursday’s ON THIS DATE incorrectly reported that construction of the Empire State Building ended in 1901. The construction ended in 1931. | Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
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